The rent prices in real estate in Longboat Key, in the Florida region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Longboat Key has fallen during the last 6 months. In July, the average price per sq.feet was $3.83. In the following month the price per sq.feet fell considerably to $2.29. The price for the following two months in (September, October) had a considerable rise of 117 %. The price per sq.feet has risen 111 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.32 to $3.68 during November, and December.
When referring to the price in Longboat Key (cities), this has fallen in the last 6 months. The average price for July is $5,185. During August the price had a considerable fall till $3,673. During the following two months (September, October) the price has had an average rise from $4,429 to $4,970.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $4,660 they are 28 % more affordable than the average price for Longboat Key . The properties with the highest average price have 4 bedrooms, Their price is 239 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,136.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.45 / sq.feet, with an average $3.51 / sq.feet price in Longboat Key. The properties with the most expensive average prices have 4 bedrooms. They are 35 % more expensive than the average followed by properties with 1 bedroom with a price at $4.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $4,660 it is 20 % more affordable than the average price in Longboat Key. "Villa" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $5,496 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $3.95 / sq.feet followed by "Condo" priced at $5.03 / sq.feet. "Villa" is the most expensive type of property with a $84 / sq.feet value followed by "Land" with an average price of $15 / sq.feet.